MetaFilter posts tagged with Krugmanhttp://www.metafilter.com/tags/Krugman
Posts tagged with 'Krugman' at MetaFilter.Tue, 24 Feb 2015 19:22:02 -0800Tue, 24 Feb 2015 19:22:02 -0800en-ushttp://blogs.law.harvard.edu/tech/rss60You shall not crucify mankind upon a cross of 2% annual CPI growthhttp://www.metafilter.com/147329/You%2Dshall%2Dnot%2Dcrucify%2Dmankind%2Dupon%2Da%2Dcross%2Dof%2D2%2Dannual%2DCPI%2Dgrowth
In the years since the <a href="http://www.forbes.com/sites/timworstall/2014/08/27/ben-bernanke-the-2008-financial-crisis-was-worse-than-the-great-depression/">financial crisis,</a> <a href="http://www.theguardian.com/business/economics-blog/2013/feb/13/inflation-report-target-bank-of-england">central</a> <a href="http://www.reuters.com/article/2014/10/24/us-economy-poll-japan-idUSKCN0ID0I220141024">banks</a> <a href="http://blogs.wsj.com/economics/2014/12/23/inflation-reading-misses-feds-target-for-31st-straight-month/">across</a> <a href="http://www.businessinsider.com/r-markets-expect-decade-of-below-target-inflation-even-as-ecb-readies-qe-2015-1">the world</a> have struggled to stimulate adequate <a href="http://en.wikipedia.org/wiki/Aggregate_demand">aggregate demand.</a> Most <a href="http://krugman.blogs.nytimes.com/2010/08/31/japan-1998/">mainstream</a> <a href="https://longandvariable.wordpress.com/2014/12/18/money-inflation-and-the-zero-bound-krugman-evans-pritchard-revisited/">economists</a> agree that this is due to <a href="http://en.wikipedia.org/wiki/Liquidity_trap">inherent impotence</a> of monetary policy at the <a href="http://en.wikipedia.org/wiki/Zero_lower_bound">zero lower bound,</a> although <a href="http://ftalphaville.ft.com/2015/01/19/2092852/buiter-the-snb-and-the-effective-lower-bound/">some,</a> including some <a href="https://mninews.marketnews.com/content/boe-broadbent-next-move-rates-likely-higher">central banks,</a> now say that the effective lower bound, though finite, is below zero. The <a href="http://blogs.wsj.com/moneybeat/2015/01/19/as-switzerland-moves-to-negative-rates-finance-enters-uncharted-territory/">Swiss</a> and <a href="http://www.wsj.com/articles/danish-lenders-take-unprecedented-steps-to-combat-negative-interest-rates-1423576590">Danish</a> central banks are currently testing that idea. However, a growing number of writers are advancing the idea that this impotence is no theoretical requirement, but an artifact of the current monetary policy tool kit, and particularly inflation targeting. <a href="http://www.themoneyillusion.com">Scott Sumner</a> and <a href="http://worthwhile.typepad.com/">Nick Rowe</a> are two of the more prominent advocates of this claim. They suggest that rather than <a href="http://www.frbsf.org/education/publications/doctor-econ/2007/march/inflation-targeting-monetary-policy-costs-benefits">targeting an annualized measure of inflation</a> (<a href="http://macromarketmusings.blogspot.com/2014/03/what-is-feds-real-inflation-target.html">whether or not the actual target is the stated one</a>), central banks should have a <a href="http://www.themoneyillusion.com/?page_id=3447">Nominal GDP Level target (NGDPLT)</a>. <a href="http://www.nationalaffairs.com/publications/detail/re-targeting-the-fed">Nominal,</a> meaning that prices are not attempted to be adjusted for inflation. <a href="http://worthwhile.typepad.com/worthwhile_canadian_initi/2014/10/sign-wars-with-price-level-targeting.html">Level,</a> meaning that errors carry forward, so if the target is missed by 1% this year, next year's target growth will increase by that same 1%.
While no central banks have explicitly adopted such targeting yet (although some suggest <a href="http://marketmonetarist.com/2012/02/11/josh-hendrickson-shows-that-the-fed-targeted-ngdp-growth/">one already implicitly did</a>), at least <a href="http://yanisvaroufakis.eu/">one European finance minister</a> is talking about <a href="http://www.themoneyillusion.com/?p=28563">related ideas in the form of NGDP linked bonds</a>, and Japan's <a href="http://en.wikipedia.org/wiki/Abenomics">Abenomics</a> are certainly in the same vein.
And if you want to play along at home, there is now, thanks to Sumner and funded by Gabe Newell, <a href="http://www.themoneyillusion.com/?p=28189">a quarterly US NGDP growth rate prediction market.</a> Janet Yellen has, as of yet, failed to mention it.
Sumner, not one to rest on his laurels, is offering <a href="http://www.themoneyillusion.com/?p=28567">yet more radical targets.</a>
Meanwhile in the US, Fed Chair Yellen <a href="http://www.cnbc.com/id/102447544">pushed back</a> on a <a href="http://www.reuters.com/article/2015/01/28/us-usa-fed-audit-idUSKBN0L121V20150128">bill sponsored by Senator Rand Paul</a> to "audit the Fed", which some see as <a href="http://www.slate.com/blogs/moneybox/2015/02/24/the_absurdity_of_rand_paul_s_quest_to_audit_the_fed_if_he_succeeds_it_will.html">fundamentally a means of reducing the Fed's operational independence.</a> tag:metafilter.com,2015:site.147329Tue, 24 Feb 2015 19:22:02 -0800PMdixonFriday Night Musichttp://www.metafilter.com/145093/Friday%2DNight%2DMusic
Mr. Krugman’s musical reawakening came sometime in early 2011 when Arcade Fire won the Grammy for Album of the Year. Up until that point, as is true with many baby-boomers, he believed that “the great age of modern music ended sometime in the 70s.” Arcade Fire convinced him “that the wonder goes on.” <a href="http://allthingsgomusic.com/economists-are-people-too-a-chat-about-music-with-paul-krugman/#/economists-are-people-too-a-chat-about-music-with-paul-krugman/">Indeed</a>. Nobel-prize winning economist Paul Krugman (<a href="http://www.metafilter.com/tags/krugman">previously</a>) has, for the past several years, been posting very non-economist entries in his blog, under the moniker "Friday Night Music." A few selected entries (The NYT blog doesn't use tags, so there's no easy way to browse all of them):
<li><a href="http://krugman.blogs.nytimes.com/2014/12/05/friday-night-music-lucius-monsters">Lucius, Monsters</a>
<li><a href="http://krugman.blogs.nytimes.com/2014/11/29/saturday-morning-music-stay-gold/">First Aid Kit</a>
<li><a href="http://krugman.blogs.nytimes.com/2014/11/21/friday-night-music-jessica-hernandez-and-the-deltas/">Jessica Hernandez and the Deltas</a>
<li><a href="http://krugman.blogs.nytimes.com/2014/11/15/suzanne-vega-saturday-personal/">Suzanne</a> <a href="http://krugman.blogs.nytimes.com/2014/11/07/friday-night-music-suzanne-vega-jacob-and-the-angel/">Vega</a>
<li><a href="http://krugman.blogs.nytimes.com/2014/10/31/friday-night-music-amason/">Amason</a>
<li><a href="http://krugman.blogs.nytimes.com/2014/09/12/friday-night-music-cheryl-wheeler/">Cheryl Wheeler</a>
<li><a href="http://krugman.blogs.nytimes.com/2014/06/13/friday-night-music-sylvan-esso/">Sylvan Esso</a>
<li><a href="http://krugman.blogs.nytimes.com/2014/08/01/friday-night-music-sarah-jarosz-over-the-edge/">Sarah Jarosz</a>
<li><a href="http://krugman.blogs.nytimes.com/2014/05/23/friday-night-music-beirut/">Beirut</a>
<li><a href="http://krugman.blogs.nytimes.com/2014/04/11/friday-night-music-carolina-chocolate-drops-2/">Carolina Chocolate Drops</a>
<li><a href="http://krugman.blogs.nytimes.com/2013/11/08/friday-night-music-san-fermin/">San Fermin</a>
<li><a href="http://krugman.blogs.nytimes.com/2013/08/30/friday-night-music-missing-the-civil-wars/">The Civil Wars</a></li></li></li></li></li></li></li></li></li></li></li></li> tag:metafilter.com,2014:site.145093Fri, 05 Dec 2014 13:32:52 -0800jbickersWhy Obama is "a historic success"http://www.metafilter.com/143429/Why%2DObama%2Dis%2Da%2Dhistoric%2Dsuccess
"Am I damning with faint praise? Not at all. This is what a successful presidency looks like. No president gets to do everything his supporters expected him to. FDR left behind a reformed nation, but one in which the wealthy retained a lot of power and privilege. On the other side, for all his anti-government rhetoric, Reagan left the core institutions of the New Deal and the Great Society in place. I don't care about the fact that Obama hasn't lived up to the golden dreams of 2008, and I care even less about his approval rating. I do care that he has, when all is said and done, achieved a lot. That is, as Joe Biden didn't quite say, a big deal."
Paul Krugman (<a href="http://www.metafilter.com/tags/krugman">previously</a>) writes "<a href="http://www.rollingstone.com/politics/news/in-defense-of-obama-20141008">In Defense of Obama</a>" for Rolling Stone. tag:metafilter.com,2014:site.143429Wed, 08 Oct 2014 13:08:33 -0800jbickersEverything old is new againhttp://www.metafilter.com/138325/Everything%2Dold%2Dis%2Dnew%2Dagain
<a href="http://www.nybooks.com/articles/archives/2014/may/08/thomas-piketty-new-gilded-age/">Why We’re in a New Gilded Age</a> Paul Krugman reviews <em>Capital in the Twenty-First Century</em> by Thomas Piketty, and discusses the renewal of the importance of capital in preserving inequality across generations. tag:metafilter.com,2014:site.138325Tue, 15 Apr 2014 06:13:37 -0800jaduncanThe Krugman Timeshttp://www.metafilter.com/127870/The%2DKrugman%2DTimes
<a href="http://krugmantimes.com/">The Krugman Times,</a> the beloved liberal economist version of <a href="http://www.youtube.com/watch?v=Q6Fuxkinhug">Malkovich Malkovich</a>. tag:metafilter.com,2013:site.127870Wed, 08 May 2013 20:45:00 -0800ThatFuzzyBastardAusterity Bites, especially if you can't Mathhttp://www.metafilter.com/127095/Austerity%2DBites%2Despecially%2Dif%2Dyou%2Dcant%2DMath
"<a href="http://www.nextnewdeal.net/rortybomb/researchers-finally-replicated-reinhart-rogoff-and-there-are-serious-problems">[a]ll I can hope</a> is that future historians note that one of the core empirical points providing the intellectual foundation for the global move to austerity in the early 2010s was based on <a href="http://www.peri.umass.edu/236/hash/31e2ff374b6377b2ddec04deaa6388b1/publication/566/">someone accidentally not updating a row formula in Excel</a>." Mike Konczal, <a href="http://www.guardian.co.uk/commentisfree/2013/apr/16/unemployment-reinhart-rogoff-arithmetic-cause">Dean Baker</a>, <a href="http://krugman.blogs.nytimes.com/2013/04/16/holy-coding-error-batman/">and Paul Krugman</a> respond to newly uncovered errors in the widely cited research by Carmen Reinhart and Ken Roghoff <a href="http://www.nber.org/papers/w15438">underpinning</a> much of the <a href="http://www.bloomberg.com/news/2012-10-15/sorry-u-s-recoveries-really-aren-t-different.html">intellectual argument</a> for economic austerity in the United States and Europe. tag:metafilter.com,2013:site.127095Tue, 16 Apr 2013 12:50:55 -0800T.D. StrangeHari Krugmanhttp://www.metafilter.com/122700/Hari%2DKrugman
"There are certain novels that can shape a teenage boy's life. For some, it's Ayn Rand's Atlas Shrugged; for others it's Tolkien's The Lord of the Rings. As a widely quoted internet meme says, the unrealistic fantasy world portrayed in one of those books can warp a young man's character forever; the other book is about orcs. But for me, of course, it was neither. My Book – the one that has stayed with me for four-and-a-half decades – is Isaac Asimov's Foundation Trilogy, written when Asimov was barely out of his teens himself. I didn't grow up wanting to be a square-jawed individualist or join a heroic quest; I grew up wanting to be Hari Seldon, using my understanding of the mathematics of human behaviour to save civilisation." [<a href="http://www.guardian.co.uk/books/2012/dec/04/paul-krugman-asimov-economics">Paul Krugman: Asimov's Foundation novels grounded my economics</a>] tag:metafilter.com,2012:site.122700Sun, 09 Dec 2012 15:52:42 -0800vidurYou mean they sat on the platform with you?http://www.metafilter.com/121308/You%2Dmean%2Dthey%2Dsat%2Don%2Dthe%2Dplatform%2Dwith%2Dyou
In the spirit of the Nobel season, <a href="http://exiledonline.com/the-nobel-prize-in-economics-there-is-no-nobel-prize-in-economics">Yasha Levine discusses the history of the <em>Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel</em></a> as a PR gimmick for laissez-faire economics, and how its existence is an affront to the Nobel legacy. tag:metafilter.com,2012:site.121308Fri, 26 Oct 2012 21:31:48 -0800clarknovaInflation Predictions and Broken Modelshttp://www.metafilter.com/110672/Inflation%2DPredictions%2Dand%2DBroken%2DModels
<a href="http://pragcap.com/inflation-predictions-and-broken-models">Paul Krugman has really been laying into the hyperinflationists in recent days. And rightfully so... these predictions, as Dr. Krugman notes, were based on a model that is completely wrong.</a> But is Krugman's own model correct? Cullen Roche compares the traditional <a href="http://en.wikipedia.org/wiki/Liquidity_trap">Liquidity Trap</a> theory with the concept of a <a href="http://www.youtube.com/watch?v=HaNxAzLKegU">Balance Sheet Recession.</a> tag:metafilter.com,2011:site.110672Sun, 18 Dec 2011 17:46:42 -0800moorookaObama goes to Chinahttp://www.metafilter.com/105304/Obama%2Dgoes%2Dto%2DChina
<a href="http://www.washingtonpost.com/business/economy/in-debt-talks-obama-offers-social-security-cuts/2011/07/06/gIQA2sFO1H_story.html">Obama proposes Social Security cuts.</a> Amid ongoing debt talks wherein the Democrats are seeking to raise the <a href="http://www.washingtonpost.com/opinions/five-myths-about-the-debt-ceiling/2011/07/06/gIQANwF01H_story.html">debt ceiling</a> to prevent<a href="http://news.yahoo.com/blogs/lookout/geithner-default-worse-financial-crisis-154213424.html"> the default of Federal debt</a>, "<a href="http://www.ft.com/cms/s/0/1767a4fe-5033-11e0-9ad1-00144feab49a.html">entitlement reform</a>" has been a <a href="http://motherjones.com/mojo/2010/08/obamas-cat-food-committee-alan-greenspan-and-dancing-grannies-medicare">hot topic</a>. This morning, Obama <a href="http://www.salon.com/news/opinion/glenn_greenwald/2011/07/07/social_security/index.html">has taken the unusual step</a> of proposing <a href="http://www.nytimes.com/2011/07/07/us/politics/07fiscal.html">even larger spending cuts</a> than Republicans have asked for, <a href="http://krugman.blogs.nytimes.com/2011/07/06/the-obama-keynes-mystery/">mystifying</a> <a href="http://nymag.com/news/frank-rich/obama-economy/presidents-failure/">many</a>. <a href="http://digbysblog.blogspot.com/2011/07/obama-goes-to-china-grand-bargain.html">Has the Grand Bargain arrived?</a> tag:metafilter.com,2011:site.105304Thu, 07 Jul 2011 09:30:01 -0800mekLonely Crusadehttp://www.metafilter.com/103016/Lonely%2DCrusade
<a href="http://nymag.com/news/politics/paul-krugman-2011-5/">What’s Left of the Left - Paul Krugman's Lonely Crusade for Liberalism.</a> After President Obama met with a group of prominent economists in December of 2010, among them <a href="http://en.wikipedia.org/wiki/Alan_Blinder">Alan Blinder</a>, the latter remarked, somewhat bleakly and apologetically: "In the United States, there is no left left". <a href="http://en.wikipedia.org/wiki/Paul_Krugman">Paul Krugman</a> is a lonely man. The White House meeting this past December, viewed in retrospect, seemed to mark the end of the expansive first part of Obama’s administration and the beginning of an austere second phase. "Krugman, departing the same meeting with the president, December 2010, found himself left in the position that every purist fears, holding blueprints for impossible buildings.
“I think what people like <a href="http://en.wikipedia.org/wiki/Paul_Ryan">Paul Ryan</a> are <a href="http://www.slate.com/id/2290509/">trying to do</a> is set us on a glide path to a much harsher society,” Krugman now says. “A country in which, step by step, more and more people are cast out into a situation of not having health insurance and poverty, and so we slide back to a Victorian notion that life is full of evils and that’s too bad but that’s the way that God made the world. That large numbers of the poor, large numbers of the elderly just live in dire poverty and don’t have health care because life is tough.” For two years, Krugman has been arguing that this trajectory might have been averted if only Obama had been a little less deferential, a little more demanding, a little more alarmed. And so Krugman has given the debate on the left its shape: whether the president could have mounted a more effective defense of the welfare state, and whether liberalism’s tragic flaw is Obama’s instinct for conciliation or his leading critic’s na&#0239;vet&#0233;." tag:metafilter.com,2011:site.103016Fri, 29 Apr 2011 15:46:32 -0800VikingSwordThe economics of Death Star planet destruction.http://www.metafilter.com/103008/The%2Deconomics%2Dof%2DDeath%2DStar%2Dplanet%2Ddestruction
<blockquote>Furthermore, let’s remember that Alderaan isn’t <strong>gone.</strong> It’s just blown up. Suddenly all the metallic elements that were languishing away in the planetary core are floating around in the void, ripe for the plucking. And anyone who can plausibly claim to have owned them is dead. You can build a lot of Death Stars with that much tungsten. Well, not even a lot—but maybe one. </blockquote>The Overthinking It Think Tank takes a look at <a href="http://www.overthinkingit.com/2011/04/25/star-wars-death-star-economics/print/">“the economic calculus behind the Empire’s tactic of A) building a Death Star, B) intimidating planets into submission with the threat of destruction, and C) actually carrying through with said destruction if the planet doesn’t comply.”</a> The extensive use of a “hyperdrive propulsion system” renders <a href="http://www.metafilter.com/69803/New-Trade-Theory">Krugman’s theories</a> inapplicable to this analysis. tag:metafilter.com,2011:site.103008Fri, 29 Apr 2011 11:30:09 -0800kipmanley"The people who are constantly exasperated about the perfidy and sheer irrationality of the other side is the team that is in fact ill-informed."http://www.metafilter.com/99741/The%2Dpeople%2Dwho%2Dare%2Dconstantly%2Dexasperated%2Dabout%2Dthe%2Dperfidy%2Dand%2Dsheer%2Dirrationality%2Dof%2Dthe%2Dother%2Dside%2Dis%2Dthe%2Dteam%2Dthat%2Dis%2Din%2Dfact%2Dillinformed
<a href="http://www.interfluidity.com/v2/date/2011/01">Endogenize Ideology</a>: Steve Waldman on the interplay between policy decisions and public opinion, in response to <a href="http://www.nytimes.com/2011/01/14/opinion/14krugman.html?_r=1">Krugman</a>. tag:metafilter.com,2011:site.99741Fri, 21 Jan 2011 07:30:03 -0800JpfedKrugman and Wells on the economic slumphttp://www.metafilter.com/96128/Krugman%2Dand%2DWells%2Don%2Dthe%2Deconomic%2Dslump
Paul Krugman and Robin Wells have a long two-part essay in the
New York Review of Books on the current economic slump.
<a href="http://www.nybooks.com/articles/archives/2010/sep/30/slump-goes-why/?pagination=false">The Slump Goes On: Why?</a> And
<a href="http://www.nybooks.com/articles/archives/2010/oct/14/way-out-slump/?pagination=false">The Way Out of the Slump</a>.
<blockquote>Since around June 2009 many indicators have been pointing up: GDP has been rising in all major economies, world industrial production has been rising, and US corporate profits have recovered to pre-crisis levels.
Yet unemployment has hardly fallen in either the United States or Europe--which means that the plight of the unemployed, especially in America with its minimal safety net, has grown steadily worse as benefits run out and savings are exhausted. And little relief is in sight: unemployment is still rising in the hardest-hit European economies, US economic growth is clearly slowing, and many economic forecasters expect America's unemployment rate to remain high or even to rise over the course of the next year.</blockquote></a></a> <blockquote>... So what would we recommend doing? Practically everything that might stimulate [demand]. If more spending on infrastructure is politically impossible, at least make the case for it and pound its opponents for their obstructionism. (It's worth noting that President Obama’s recent proposal for a national infrastructure bank is very similar to a proposal that has been endorsed by none other than the bitterly anti-Obama Chamber of Commerce.) Targeted, temporary tax cuts--like the temporary incentives for business investment also recently proposed by the Obama administration--aren't our preferred policy, but they would be better than nothing. And monetary expansion should be pursued through every route possible--yes, it's uncertain how effective any given measure would be, but that's no reason not to try.</blockquote>
Background information:
Krugman explains in <a href="http://web.mit.edu/krugman/www/vulgar.html">Vulgar Keynesians</a> (1997) and <a href="http://www.slate.com/id/1937/">Baby-Sitting the Economy</a> (1998) how the central bank uses monetary policy to keep the economy stable in normal times, when the problem is inflation, not deflation. When the economy is overheating and inflation is rising, the bank raises interest rates; when the economy goes into recession (because everyone is trying to hold more cash by spending less, resulting in everyone's incomes dropping), and unemployment is rising, the bank lowers interest rates to boost demand. A similar explanation by <a href="http://www.minneapolisfed.org/publications_papers/pub_display.cfm?id=3691">Janet Yellen</a> (1995 interview):
<blockquote>... the Federal Reserve can, I think, make a contribution on the employment side by mitigating economic fluctuations--by stabilizing real activity. I thus translate the "maximum employment" proviso of the Federal Reserve Act as a mandate for the Fed to lean against the wind, stimulating the economy when the economy is in recession or unemployment is clearly in excess of the NAIRU (the non-accelerating inflation rate of unemployment--the minimum rate of unemployment consistent with stable inflation), and restraining the economy through tighter policy when economic activity is pushing against the limits of capacity with inflationary implications. This is what the Federal Reserve has traditionally done and it is what I think the Fed should continue to do.</blockquote>
But now that the central bank has run into the <a href="http://krugman.blogs.nytimes.com/2009/01/17/zero-lower-bound-blogging/">zero-interest-rate lower bound</a>, making conventional monetary policy ineffective, open conflict has broken out between "saltwater" economists (like Krugman) and "freshwater" economists (like Robert Lucas and Edward Prescott). Krugman explains the history in <a href="http://www.nytimes.com/2009/09/06/magazine/06Economic-t.html?pagewanted=all">How Did Economists Get It So Wrong?</a> (2009) (<a href="http://www.metafilter.com/mefi/84751">previously</a>). Saltwater economists are pushing for fiscal expansion, temporarily borrowing and spending to boost public demand and compensate for the slump in private demand, rather than cutting public spending to match the slump in tax revenue; they argue that the US had much higher public debt during <a href="http://krugman.blogs.nytimes.com/2009/02/15/debt-in-wartime/">World War II</a>. Freshwater economists are vehemently opposed to fiscal stimulus, arguing that it's a problem of <a href="http://www.nytimes.com/2010/09/27/opinion/27krugman.html?_r=1&partner=rssnyt&emc=rss">structural unemployment</a> (a mismatch between skills needed and workers) that the free market will resolve in the long run.
Krugman's forecast: political paralysis and continued high unemployment.
Some more technical papers: <a href="http://web.mit.edu/krugman/www/islm.html">the IS-LM model</a> (1998). <a href="http://web.mit.edu/krugman/www/japtrap.html">Japan's liquidity trap</a> (1998). <a href="http://web.mit.edu/krugman/www/japtrap2.html">Japan: still trapped</a> (1999). <a href="http://www.princeton.edu/~pkrugman/optimalg.pdf">Optimal fiscal policy in a liquidity trap</a> (2008). tag:metafilter.com,2010:site.96128Tue, 28 Sep 2010 10:29:18 -0800russilwvongBuilding a Green Economyhttp://www.metafilter.com/90873/Building%2Da%2DGreen%2DEconomy
<a href="http://www.nytimes.com/2010/04/11/magazine/11Economy-t.html?hp=&amp;pagewanted=all">Building a Green Economy,</a> Paul Krugman on the economics of Climate change. tag:metafilter.com,2010:site.90873Fri, 09 Apr 2010 04:24:50 -0800afuThe Deflationisthttp://www.metafilter.com/89600/The%2DDeflationist
<a href="http://www.newyorker.com/reporting/2010/03/01/100301fa_fact_macfarquhar?currentPage=all">The Deflationist - How Paul Krugman found politics.</a> tag:metafilter.com,2010:site.89600Sat, 27 Feb 2010 08:06:56 -0800nevercalmEconomist attacks Krugman as superficial and partisan.http://www.metafilter.com/85437/Economist%2Dattacks%2DKrugman%2Das%2Dsuperficial%2Dand%2Dpartisan
Paul Krugman attacked professional macroeconomists (<a href="http://www.metafilter.com/84751/If-Paul-Krugman-Was-So-Right">previously</a>). <a href="http://faculty.chicagobooth.edu/john.cochrane/research/Papers/">John Cochrane</a>, an economist at the University of Chicago, <a href="http://faculty.chicagobooth.edu/john.cochrane/research/Papers/krugman_response.htm">returns the favor</a>, arguing that Krugman deeply misrepresents current economic ideas because he's abandoned economics as a "quest for understanding" in favor of trying to be the "Rush Limbaugh of the Left." tag:metafilter.com,2009:site.85437Mon, 28 Sep 2009 09:42:26 -0800shivohumVideo: Krugman's Friday address to Nat'l Press Clubhttp://www.metafilter.com/77630/Video%2DKrugmans%2DFriday%2Daddress%2Dto%2DNatl%2DPress%2DClub
The president of a Savings &amp; Loan sent the following email to his family:
<i>If you have one hour of your time to invest in learning more about the current economic crisis, I highly recommend you click on one of the two below links and view [Paul Krugman's Friday address to the National Press Club]. His remarks take about 1/2 hour followed by 25 minutes of Q&amp;As. I believe you will find watching it worth your time.
P.S. If you decide to view Krugman's speech, I recommend you view it
"full screen" for the best effect of viewing his body language.</i>
<a href="http://npc.press.org/video/player.cfm?type=lunch&id=16709">Link 1</a>,
<a href="http://cspan.org/Watch/watch.aspx?MediaId=HP-A-13522">Link 2</a> I pass it along to you with the same recommendations. tag:metafilter.com,2008:site.77630Sun, 21 Dec 2008 18:15:14 -0800spockUnderlying most arguments against the free market is a lack of belief in freedom itself.http://www.metafilter.com/75844/Underlying%2Dmost%2Darguments%2Dagainst%2Dthe%2Dfree%2Dmarket%2Dis%2Da%2Dlack%2Dof%2Dbelief%2Din%2Dfreedom%2Ditself
<a href="http://www.reportonbusiness.com/servlet/story/RTGAM.20081021.wrbanksfriedman22/BNStory/Business/home">Friedman under attack</a> <em>More than 100 faculty at the <a href="http://www.uchicago.edu/">University of Chicago,</a> where <a href="http://nobelprize.org/nobel_prizes/economics/laureates/1976/friedman-autobio.html">Milton Friedman</a> won the <a href="http://nobelprize.org/nobel_prizes/economics/laureates/1976/press.html">1976 Nobel Prize in economics</a>, are trying to stop the university from putting Mr. Friedman's name on <a href="http://mfi.uchicago.edu/">a $200-million (U.S.) research centre</a>. The opponents argue that the Milton Friedman Institute would compromise the academic integrity of the university and serve as a monument to <a href="http://en.wikipedia.org/wiki/Chicago_School_of_Economics">Mr. Friedman's world outlook</a>, which they say <a href="http://www.nybooks.com/articles/19857">has largely been discredited</a>.</em> <em>Supporters say it's unfair to use today's economic troubles to tarnish Mr. Friedman or scrap the project. They have organized a counterpetition and set up websites, including <a href="http://www.friedmanfacts.com/institute-controversy/">Friedmanfacts.com</a>, to challenge opponents.</em> tag:metafilter.com,2008:site.75844Tue, 21 Oct 2008 19:23:36 -0800KokuRyuThe Nobel Prize is Shrillhttp://www.metafilter.com/75616/The%2DNobel%2DPrize%2Dis%2DShrill
"...<a href="http://www.bloomberg.com/apps/news?pid=20601087&sid=axpy67IVqPj8&refer=home">For his analysis of trade patterns and location of economic activity</a>," the 2008 Nobel Prize in economics has been awarded to <a href="http://economix.blogs.nytimes.com/2008/10/13/paul-krugman-wins-economics-nobel/?hp"><em>New York Times</em> columnist Paul Krugman</a>. tag:metafilter.com,2008:site.75616Mon, 13 Oct 2008 05:56:05 -0800XQUZYPHYRNew Trade Theoryhttp://www.metafilter.com/69803/New%2DTrade%2DTheory
<a href="http://krugman.blogs.nytimes.com/2008/03/11/economics-the-final-frontier/">Where no economist had gone before</a> . Paul Krugman posts a type-written paper on interstellar trade which he wrote as "an oppressed assistant professor" in the '70s. <em>I do not propose to develop a theory which is universally valid, but it may at least have some galactic relevance.</em> [<a href="http://www.princeton.edu/~pkrugman/interstellar.pdf">pdf link</a>] tag:metafilter.com,2008:site.69803Tue, 11 Mar 2008 12:38:50 -0800grobsteinMoney for nothing, and bombs for free.http://www.metafilter.com/57723/Money%2Dfor%2Dnothing%2Dand%2Dbombs%2Dfor%2Dfree
<a href="http://www.radaronline.com/features/2007/01/betting_on_iraq_1.php">Getting rich by getting it wrong</a> How the elite pundits who pushed the war profited in money and prominence, despite being completely wrong. Mean while many pundits who opposed the war from the start were <a href="http://nitpicker.blogspot.com/2006/12/writers-who-got-iraq-right-episode-1.html">sidelined</a>. tag:metafilter.com,2007:site.57723Fri, 12 Jan 2007 17:08:00 -0800delmoiGoodbye Krugman, Friedman, et c.http://www.metafilter.com/45093/Goodbye%2DKrugman%2DFriedman%2Det%2Dc
<a href="http://www.nytimes.com/ref/membercenter/editorsletter.html?hp">NY Times will be going pay-only for access to columns</a> by Paul Krugman, Thomas Friedman, and Maureen Dowd. On the 19th of Sept! And I assume the others like Herbert and Frank will drop behind the iron curtain as well. These are obviously some of the most blogged about and emailed content on the NYT site. Do you think it will be worth $49.95 year (it does come with 100 archive articles, which is admittedly pretty sweet)? Do you think that bloggers will stop linking to those columnists? Is this the end of free? tag:metafilter.com,2005:site.45093Tue, 13 Sep 2005 12:14:13 -0800zpousmanAll the High School That's Fit to Printhttp://www.metafilter.com/42420/All%2Dthe%2DHigh%2DSchool%2DThats%2DFit%2Dto%2DPrint
<a href="http://forums.nytimes.com/top/opinion/readersopinions/forums/thepubliceditor/publiceditorswebjournal/index.html?offset=1&amp;fid=.f779788/1">Paul Krugman and Daniel Okrent get into a pissing match.</a> In his <a href="http://www.nytimes.com/2005/05/22/weekinreview/22okrent.html">final column</a> as New York Times ombudsman, Okrent stated that Krugman, the New York Times columnist, "has the disturbing habit of shaping, slicing and selectively citing numbers in a fashion that pleases his acolytes but leaves him open to substantive assaults." The paper gave the two of them some webspace to discuss the matter. The <a href="http://forums.nytimes.com/top/opinion/readersopinions/forums/thepubliceditor/publiceditorswebjournal/index.html?offset=1&fid=.f779788/1">result</a> is catty and entertaining, but the tone is certainly more vicious than I'd expected. They really don't seem to like each other very much. tag:metafilter.com,2005:site.42420Tue, 31 May 2005 09:43:24 -0800Tin ManKrugmanhttp://www.metafilter.com/32123/Krugman
<a href="http://www.nytimes.com/2004/03/30/opinion/30KRUG.html">Haaretz Daily: "This isn't America; the government did not invent intelligence material nor exaggerate the description of the threat to justify their attack."</a> Krugman: So even in Israel, George Bush's America has become a byword for deception and abuse of power. And the administration's reaction to Richard Clarke's "Against All Enemies" provides more evidence of something rotten in the state of our government. tag:metafilter.com,2004:site.32123Wed, 31 Mar 2004 06:37:42 -0800skallas